FedEx Corp. Reports Fourth Quarter and Full-Year Earnings
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FedEx (FDX) PT Lowered to $289 at Stifel, Maintains Bullish View
June 21, 2018 1:20 PM EDTStifel lowered its price target on FedEx (NYSE: FDX) to $289.00 (from $295.00) while maintaining a Buy rating.
Analyst David Ross said while there were a lot of moving pieces this week, the bottom line changed little - "the economy is healthy and earnings... More
FedEx (FDX) PT Raised to $315 at Credit Suisse
June 20, 2018 7:52 AM EDTCredit Suisse raised its price target on FedEx (NYSE: FDX) to $315.00 (from $306.00) while maintaining an Outperform rating following results.
Analsyt Allison Landry said while guidance was in-line, the key points of contention that we heard from investors were the attainability of the... More
FedEx (FDX) Tops Q4 EPS by 23c, Offers Outlook
June 19, 2018 4:17 PM EDTFedEx (NYSE: FDX) reported Q4 EPS of $5.91, $0.23 better than the analyst estimate of $5.68. Revenue for the quarter came in at $17.3 billion versus the consensus estimate of $17.24 billion.
Outlook
FedEx is unable to forecast the fiscal 2019 year-end MTM retirement plan accounting adjustments. As a result, the company is unable to provide a fiscal 2019 earnings per share or effective tax rate (ETR) outlook on a GAAP basis.
New pension accounting rules will be in effect starting in fiscal 2019 that will... More
